Investing in Rental Property

[mosesbotbol]

What kind of rental property are you looking to buy? Who is the the renter most likely to be? Students, family, or Section 8? Each group has its advantage. Do you plan to manage it yourself or have a property management company take care of it?

Most of my friends are in a real estate business in Boston, as was I a long time ago.

Section 8 - Guaranteed money, but hard to kick out and may have to do more work on unit to qualify. Easiest money route

Students - Higher rent, but more damage to unit and may need to pay rental commissions more often due to higher turnover.

Family - Can be good or bad. Can be a hassle to kick out, but may be gentler on property than Section 8 or Students.

Originally Posted by mosesbotbol

What kind of rental property are you looking to buy? Who is the the renter most likely to be? Students, family, or Section 8? Each group has its advantage. Do you plan to manage it yourself or have a property management company take care of it?

Most of my friends are in a real estate business in Boston, as was I a long time ago.

Section 8 - Guaranteed money, but hard to kick out and may have to do more work on unit to qualify. Easiest money route

Students - Higher rent, but more damage to unit and may need to pay rental commissions more often due to higher turnover.

Family - Can be good or bad. Can be a hassle to kick out, but may be gentler on property than Section 8 or Students.

I want to buy homes and rent to families or young couples. A family friend I know rents tons of apartments.. But he is renting to low lifes.. Thus, he fights them all the time, carries a handgun, and is in court often..

I should also add I want to actively manage my houses, therefore I won't be needing many rentals..